Natural Gas Export of Russia in 2024: The Brief Insights of the Top Trade Partners and Latest Trend Strategies

Russia right now is leading as one of the largest producers and exporters of natural gas worldwide due to the vast reserves of natural gas with approximately 1,688 trillion cubic feet from the US Energy Administration. Russia Import Data says, the recent trade statistics have reported that the majority of the natural gas exports from the nation are supplied through pipelines to Europe and other neighboring countries. The recent upward trajectory of natural gas is mainly due to the substantial contribution of LNG. The rise in natural gas demands from Asian markets like China and Japan, and their demand for alternative sources of energy to reduce dependency on coal and nuclear power plants, has been fueling the exports of natural gas from Russia.

The proper pricing strategies adopted by the management authorities of Russia, as per the globally increasing acquisitions, have maintained an upward trajectory of a 2.5% increase in the natural gas exports per year, resulting in an export trade value of natural gas worth 70 billion US dollars in 2024. Import Globals, with its Russia trade data, provides in-depth insights into the latest trade intelligence regarding the shipment of natural gas from management authorities to importing destinations worldwide. The valuable trade analysis helps business holders optimize the potential marketing activities for making decisions based on the latest trending strategies.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF NATURAL GAS FROM RUSSIA IN 2024

The fuel export roadmap adopted to foster the natural gas supplies, encompassing the third strategic element, has been countering the export of natural gas from Russia. The plan aims to provide financial assistance to the Russian energy firms establishing joint ventures with foreign markets. The expansion of pipeline exports announced by the Prime Minister Alexander Novak for an increase of 91.4 billion cubic meters in 2023 to 108 billion cubic meters in 2024 regarding Russian pipeline gas has been launched to deliver 50 billion cubic meters annually to China to counter the upward trajectory.

The LNG infrastructure development for diversification of the export routes approved in 2023 has been also working constantly for international sanctions-effective equipment procurement and construction timelines. The tariff exemptions for LNG equipment by the Russian government, via its approved tariff rate for import of specific equipment, have maintained stability in small-scale LNG production and sales facilities.

THE LEADING VARIANTS OF NATURAL GAS EXPORTED FROM RUSSIA IN 2024

As the demand for natural gas from Russia is increasing continuously, the country has started introducing diversification in the global supply for an upward trajectory of the export trade market. According to the Russia Export Data, the top 10 leading variants of natural gas exported from the nation in 2024 are,

  1. Gazprom Natural Gas — Export trade value of Gazprom Natural Gas from Russia in 2024–16 billion US dollars
  2. Novatek LNG- Export trade value of Novatek LNG from Russia in 2024–12 billion US dollars
  3. Rosneft Natural Gas- Export trade value of Rosneft Natural Gas from Russia in 2024–8 billion US dollars
  4. Yamal LNG- Export trade value of Yamal LNG from Russia in 2024–6 billion US dollars
  5. Sakhalin-2 Natural Gas- Export trade value of Sakhalin-2 Natural Gas from Russia in 2024–5 billion US dollars
  6. South Stream Pipeline Gas- Export trade value of South Stream Pipeline Gas from Russia in 2024–4 billion US dollars
  7. Power of Siberia Pipeline Gas- Export trade value of Power of Siberia Pipeline Gas from Russia in 2024–3 billion US dollars
  8. Synthetic Natural Gas- Export trade value of Synthetic Natural Gas from Russia in 2024–2 billion US dollars
  9. Coalbed Methane- Export trade value of Coalbed Methane from Russia in 2024–1.2 billion US dollars
  10. Biogas- Export trade value of Biogas from Russia in 2024–1 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF RUSSIA FOR NATURAL GAS IN 2024

Russia, with its strategic geographical location and relentless access to the majority of trade hubs, has built a suitable relationship with countries offering affordable pricing strategies for imports. According to the Russia Customs Data, the top 10 export trade partners of the nation for natural gas in 2024 are,

1. Germany — The export trade value of natural gas from Russia to Germany in 2024–19 billion US dollars

Top 5 variants of natural gas exported

1. Sour Gas

2. Sweet Gas

3. Ethane

4. Propane

5. Butane

2. Turkey- The export trade value of natural gas from Russia to Turkey in 2024–12 billion US dollars

Top 5 variants of natural gas exported

1. Synthetic Natural Gas (SNG)

2. Coalbed Methane

3. Shale Gas

4. Tight Gas

5. Acid Gas

3. China- The export trade value of natural gas from Russia to China in 2024–10 billion US dollars

Top 5 variants of natural gas exported

1. Nonadecene

2. Arctic LNG-2

3. Isobutene

4. Methanol

5. Biomethane

4. Italy- The export trade value of natural gas from Russia to Italy in 2024–8 billion US dollars

Top 5 variants of natural gas exported

1. Renewable Natural Gas (RNG)

2. Nonane

3. Undecene

4. Ethane

5. Heptane

5. Netherlands- The export trade value of natural gas from Russia to the Netherlands in 2024–7 billion US dollars

Top 5 variants of natural gas exported

1. Biogas

2. Associated Gas

3. Stranded Gas

4. Coalbed Methane

5. Synthetic Natural Gas

  1. Hungary- The export trade value of natural gas from Russia to Hungary in 2024–5 billion US dollars

Top 5 variants of natural gas exported

1. Kharasaveyskoye field gas

2. Liquified Natural Gas

3. Pipeline Natural Gas

4. Compressed Natural Gas (CNG)

5. Shale Gas

7. Czech Republic- The export trade value of natural gas from Russia to the Czech Republic in 2024–4 billion US dollars

Top 5 variants of natural gas exported

1. Urengoy field gas

2. Yamal Peninsula gas

3. Bovanenkovo field gas

4. South Tambeyskoye field gas

5. Novoportovskoye field gas

8. Poland- The export trade value of natural gas from Russia to Poland in 2024–3.5 billion US dollars

Top 5 variants of natural gas exported

1. Natural Gas Liquids

2. Vorkutaugol Coal

3. Non-associated methane-rich gas

4. Methanol production associated gas

5. Associated dissolved methane extracted from offshore oil

9. Finland- The export trade value of natural gas from Russia to Finland in 2024–2.8 billion US dollars

Top 5 variants of natural gas exported

1. Sibur Methane Gas

2. Gazprom Neft Gas

3. TNK-BP Natural Gas

4. Rosneft Associated Petroleum Gas

5. Gazprom Neftegas Energocondensat

10. Japan- The export trade value of natural gas from Russia to Japan in 2024–1.2 billion US dollars

Top 5 variants of natural gas exported

1. Gazprom LNG

2. Novatek LNG

3. Sakhalin Energy LNG

4. Yamal LNG

5. Rosneft LNG

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